I have an old car which broke down and is not worth fixing. I have a lien on it from a title loan company in Georgia. I now live in Florida and need to dispose of the car, and return the GA plates. To complicate things further, I had a bankruptcy discharged last year of which the creditor was name in the petition.
What Happens When You Default on a car title loan? | Drive-Safely.net – A car title loan is a slithering can of worms that you really don’t want to open unless your very life depends on it. Title loans are considered the worst of the worst when it comes to subprime loans, which are high-interest, short-term loans marketed to people who don’t have the credit or the income to qualify for loans at reasonable rates.
To the average American, the title of this post sounds silly. Also remember that any savings for other financial goals such as college, a house down payment, or a new car is going to be above and.
Over a year ago I took out a car title loan, shortly after that the car broke down. I bought a new car and told the title loan place to come get the old car. That was over a year ago and the car.
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Car-title lenders similarly engage in asset-based lending. Car-title loans are based on the value of a borrower’s car that is owned free-and-clear, rather than the ability of the borrower to repay the loan and meet other obligations without re-borrowing. A typical car-title loan requires no credit check,2
What should I do with car loan on a car that no longer works? | Credit. – You should call the bank and see if they would aloow someone to assume your loan pmts, and just exactly what they would need to release the title. they are gonna want paid before anything gets done, so ask for their help, and see what they say. don’t make a big deal about the fact you have another car, or that the car you want to sell doesnt run.. frankly they could care less..
getting a car loan after chapter 7 Limoges Getting Approved for a Car Loan after chapter 7 bankruptcy While a Ch. 7 bankruptcy knocks your credit score and stays on your credit reports for 10 years, it offers a fresh start. If you were to wait and spend some time rebuilding your credit , your chances of getting approved (and with better terms) may improve even more.republic bank car loan calculator Limoges You are now leaving crb auto, a division of Mechanics Bank’s website and entering a third party site. mechanics Bank does not to this website or beyond, and does not endorse, guarantee, warrant or control the content, product, services, accuracy, completeness, efficiency, timeliness of information or overall website content available at the linked website.